Melissa L. Bean: “The AIG insurance company is solvent. They got additional capital through this latest round but it did not take an…”

No one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.

The collapse of AIG, the world's largest insurer, has proven to be one of the most costly and dangerous corporate disasters in our Nation's financial history.

I believe the subcommittee should move a comprehensive bill that establishes Federal regulation of all lines of insurance, property and casualty, reinsurance, and life.

The need for Federal regulatory oversight has never been greater.